EcoATM offers cash in return for your old phone

Going green is the way to go, so why not find some way in making money out of this movement? The EcoATM says it all – this startup intends to assist everyday folks in reducing electronic waste while giving them money. Basically, you trade in your old phone for some dough, but this time around, going green gets you some green literally in your pockets. The entire process takes no more than 5 minutes, where this particular machine will be installed in most of the popular shopping malls located in different cities throughout the US. All you need to do is dump in your old phone and have it spit out the money in return. I don’t think the amount of dough you’re going to receive is going to be worth much, but at least that is better than nothing at all, don’t you think so?

Someone should perform a survey on the second hand market rates for used phones and see just how much a used iPhone 4 would cost. Do you think the EcoATM will catch on on a large scale?